Author: Vinay Tiwari
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Indian DRI, billet, rebar update – 6 Dec
Market volatility leads to moderate trade Semis, finished longs demand remains low India’s induction furnace (IF) steel market witnessed an uptrend on 6 December 2024, with mills raising offers by around INR 600/tonne (t) d-o-d. Sponge iron prices increased by INR 200-600/t d-o-d, with the steepest hike in the Ramgarh market. Billet tags rose INR…